Shirkey honored for his support of Andy s Place recovery houses | WTVB | 1590 AM · 95 5 FM wtvbam.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wtvbam.com Daily Mail and Mail on Sunday newspapers.
By Venilia Amorim2021-05-28T13:45:00+01:00
Recent research conducted by consultancy Isio has found that all fiduciary managers participating in its survey in the UK underperformed their return objectives, however, most outperformed the low governance option.
The CFA Institute’s Global Investment Performance Standards (GIPS) for fiduciary managers, approved by the Competition and Markets Authority (CMA) in December 2019, help pension fund trustees select and monitor fiduciary managers by enabling performance comparison, allowing for variables such as return targets and hedging levels.
The CMA has also mandated fiduciary managers to provide this information to trustees when considering fiduciary management as an option.
W.R. Swann chooses Aon as OCIO
Aon as its first fiduciary manager.
The £40 million ($56 million) pension fund s sponsor, W. R. Swann, is part of surgical equipment manufacturer Swann Morton.
The trustees were looking to manage investment risks, costs and trustee time associated with running the pension fund, Mike Hirst, chairman of the trustees, said in an email.
Aon was chosen following a competitive procurement process and followed an investment strategy review that highlighted the chance of reducing risk and costs by moving to an outsourced CIO approach, a news release by the consultant said.
Related Articles
Royal BVI Yacht Club Dinghy Championships award winners
By Dean “The Sportsman” Greenaway
Four were crowned National Champions on Saturday, when the BVI Dinghy Championships were held in the waters of the Sir Francis Drakes Channel across from Nanny Cay.
The annual event was making a comeback after the Covid-19 pandemic cancelled the 2020 edition and attracted 18 sailors in four divisions.
“It was a tricky day on the water for everyone,” noted Public Relations Officer Tamsin Rand of the event that had a record 76 participants in 2016 and 53 in 2017. “As squalls danced their way down the channel, the mark boat team were kept busy shifting the marks to keep the race track stable and the sailors were kept on their toes to make the best tactical decisions.”